Civic Intelligence

Institute for Psychoanalytic Education

990 • Fiscal year 2019 • EIN 27-4600814

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

One Park Avenue No 8 FLNew York, NY 10016

(646) 754-4870

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.20x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.24x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$1,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$549,642

Up $31,944 (+6.2%) from 2017

Net Assets

Up

$438,207

Up $59,756 (+16%) from 2017

Liabilities

Down

$111,435

Down $27,812 (-20%) from 2017

Revenue

Up

$460,876

Up $33,356 (+7.8%) from 2017

Expenses

Down

$374,554

Down $18,603 (-4.7%) from 2017

Net Income

Up

$86,322

Up $51,959 (+151%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2012: $248,326Liabilities 2012: $109,727Net Assets 2012: $138,5992012Assets 2013: $537,852Liabilities 2013: $223,349Net Assets 2013: $314,5032013Assets 2014: $527,522Liabilities 2014: $166,589Net Assets 2014: $360,9332014Assets 2015: $497,660Liabilities 2015: $149,496Net Assets 2015: $348,1642015Assets 2017: $517,698Liabilities 2017: $139,247Net Assets 2017: $378,4512017Assets 2019: $549,642Liabilities 2019: $111,435Net Assets 2019: $438,2072019Assets 2020: $678,620Liabilities 2020: $186,238Net Assets 2020: $492,3822020Assets 2021: $847,817Liabilities 2021: $164,293Net Assets 2021: $683,5242021Assets 2022: $807,946Liabilities 2022: $130,919Net Assets 2022: $677,0272022Assets 2024: $773,303Liabilities 2024: $111,210Net Assets 2024: $662,0932024

Highlighted filing

2019

Assets$549,642
Liabilities$111,435
Net Assets$438,207

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $353,1712012Revenue 2013: $556,243Expenses 2013: $378,719Net Income 2013: $177,5242013Revenue 2014: $437,917Expenses 2014: $387,211Net Income 2014: $50,7062014Revenue 2015: $379,866Expenses 2015: $380,245Net Income 2015: -$3792015Revenue 2017: $427,520Expenses 2017: $393,157Net Income 2017: $34,3632017Revenue 2019: $460,876Expenses 2019: $374,554Net Income 2019: $86,3222019Revenue 2020: $466,069Expenses 2020: $422,285Net Income 2020: $43,7842020Revenue 2021: $451,363Expenses 2021: $409,807Net Income 2021: $41,5562021Revenue 2022: $481,035Expenses 2022: $452,603Net Income 2022: $28,4322022Revenue 2024: $481,629Expenses 2024: $498,422Net Income 2024: -$16,7932024

Highlighted filing

2019

Revenue$460,876
Expenses$374,554
Net Income$86,322
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$614,070
Mission and Program Overview

Mission

Provides a training program in psychoanalysis, provides clinical education and offers didactic coursework in mental health topics.

The mission of the institute for psychoanalytic education (ipe) is to promote mental health through advanced clinical training, treatment, and scholarship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$256,582$258,944▲ $2,362
Cash and Non-Interest-Bearing Accounts$55,382$129,284▲ $73,902
Investments in Publicly Traded Securities$48,820$58,813▲ $9,993
Accounts Receivable$62,736$40,419▼ $22,317
Land, Buildings, and Equipment, Net$0$28,863▲ $28,863
Savings and Temporary Cash Investments$8,059$24,766▲ $16,707
Prepaid Expenses and Deferred Charges$13,799$4,762▼ $9,037
Total Assets$445,378$549,642▲ $104,264
Other Assets Total$0$3,791▲ $3,791
Liabilities
Deferred Revenue$77,232$89,618▲ $12,386
Accounts Payable and Accrued Expenses$26,259$21,817▼ $4,442
Other Liabilities$10,208$0▼ $10,208
Total Liabilities$113,699$111,435▼ $2,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$299,843$404,146▲ $104,303
Net Assets With Donor Restrictions$31,836$34,061▲ $2,225
Total Net Assets Fund Balance$331,679$438,207▲ $106,528
Total Liabilities and Net Assets / Fund Balance$445,378$549,642▲ $104,264

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,863$3,207$32,070
Other Securities$258,944--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Aneil Shirke MdDirector$1,000$1,000
Benjamin CheneyTreasurer$1,000$1,000
Revenue and Support

Revenue Composition

Contributions and Grants
$235,160
Program Service Revenue
$211,046
Investment Income
$10,476
Other Revenue
$4,194
All Other Contributions
$12,863
Change in Net Assets
$86,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$209,059
Other Expenses$165,495
Total Fundraising Expense$6,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,858$125,653$5,026$167,537
Fees for Services Other$21,555$21,555-$43,110
Other Employee Benefits$5,875$20,029$801$26,705
Occupancy$12,465$12,465-$24,930
Office Expenses$9,563$9,563-$19,126
Insurance$8,639$4,319-$12,958
Payroll Taxes$2,820$9,612$385$12,817
Conferences and Meetings$11,707--$11,707
Fees for Services Legal$4,629$4,629-$9,258
Fees for Services Accounting$3,057$3,057-$6,114
Advertising-$3,480-$3,480
Depreciation Depletion$3,207--$3,207
Current Officers, Directors, Trustees, and Key Employees$2,000--$2,000
Fees for Service Investment Mgmnt Fees-$1,619-$1,619
Other Expenses$7,371$1,325-$1,325
All Other Expenses$650$353-$1,003
Travel-$415-$415
Total Functional Expenses$144,007$224,335$6,212$374,554
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,989
Fundraising Gross Income$22,989
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Tribute$39,600$22,989$4,295$18,694
Grad Party$480---
Total Events$42,207$22,989$22,989$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The institute has four (4) classes of members. The designation of such classes and eligibility requirements for each class is as follows: a. Regular members. All voting members of the faculty of the institute, both faculty and associate faculty, are regular members of the institute. The board of trustees shall establish the terms for eligibility for membership and procedures for becoming a member of the faculty. B. Honorary members. The institute may grant honorary membership to persons who have furthered the cause of the scientific development of psychoanalysis, but who do not meet the qualifications for membership in any other membership class. C. Pany affiliate members. Pany affiliate members shall be limited to those individuals, who, as of the effective date in a certain member substitution agreement entered into by and between the institute and psychoanalytic association of new york, inc. ("pany"), (i) are members of pany and (ii) are not members of the institute. Pany affiliate members shall only have voting rights with respect to the election of the members and officers of the pany committee who are elected pursuant to the provisions of the by-laws. D. Candidate members. Candidate members shall be limited to those individuals who are enrolled in any one of the following: (i) the institute's adult psychoanalytic training program, (ii) the institute's child and adolescent psychoanalytic training program; or (iii) the institute's licensure-qualifying program in psychoanalysis. Candidate members shall only have voting rights with respect to the election of the members and officers of the pany committee who are elected pursuant to the provisions of the by-laws.

Form 990, Part VI, Section A, Line 7A

The board of trustees shall be comprised of thirteen individuals, as follows: (i) the president, ex officio and with a vote; (ii) two individuals who are members of the faculty, selected by the faculty; (iii) six individuals who are members of the faculty, selected by the education committee; (iv) the two individuals who are elected to the education committee by the faculty; and (v) the chair of the pany committee, ex officio and with a vote and (vi) the vice-chair of the pany committee, ex officio and with a vote. In its discretion, the board of trustees may appoint up to five(5)additional members of the board who possess such qualifications as the board of trustees determines to be appropriate, who may or may not be members of the faculty. Any such additional appointed board members serve at the pleasure of the board of trustees and may be removed by the board of trustees at any time with or without cause. Any member of the board of trustees shall cease to be a trustee whenever he or she shall cease to be a member of the faculty.

Form 990, Part VI, Section B, Line 11B

The organization is provided with a final draft copy of the form 990 prior to filing the audit committee reviews the return, and is then provided to all members of the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with their written conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The institute for psychoanalytic education makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Institute for Psychoanalytic Education
EIN
27-4600814
Phone
6467544870
Address
ONE PARK AVENUE NO 8 FL, NEW YORK, NY 10016

Signing Officer

Name
Benjamin Cheney Md
Title
Treasurer
Phone
6467544870
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Frank Md
Formed
2010
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
164

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 19,530. Management and general expenses 19,530. Fundraising expenses 0. Total expenses 39,060. Other professional fees: program service expenses 2,025. Management and general expenses 2,025. Fundraising expenses 0. Total expenses 4,050.

Raw XML AppendixShowing 400 of 545 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WWW.MED.NYU.EDU/PSA IS THE SOLE METHOD OF BROADCAST AND CONTAINS THE NONDISCRIMINATION POLICY
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